Hyliion Awarded $41.7 Million for Megawatt-Scale Power Generation Units
United States, July 21 -- Hyliion Inc., Cedar Park, Texas, is awarded a cost-plus-fixed-fee contract for the high efficiency/low maintenance ultra reliable megawatt scale power generation units effort. The total cumulative value of this contract, including a 36-month base period with no options, is $41,699,946. This contract provides services required to meet the program's primary objective to design, develop, build, test and deliver a 2-megawatt (MW) and a 3-MW scale power generation unit (PGU). These PGUs will be delivered to the Office of Naval Research (ONR) at their identified locations.Additionally, Hyliion will be performing a series of tasks to progress the core technology design and manufacture alternative core components for enhan...
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